Greeks

Fugit

By Ryan Silk & Lawrence Polatchek · Reviewed April 2026 · Options Trading Glossary

Expected time to exercise an option

What is Fugit?

Fugit The expected time to exercise for an American option, expressed in years. Fugit represents the risk-neutral expected life of the option. A fugit close to expiration suggests early exercise is unlikely, while a fugit significantly shorter than time to expiration indicates early exercise is probable.

Complete Definition

The expected time to exercise for an American option, expressed in years. Fugit represents the risk-neutral expected life of the option. A fugit close to expiration suggests early exercise is unlikely, while a fugit significantly shorter than time to expiration indicates early exercise is probable.

Related Terms

American Option Exercise Days To Expiration

Written by

ApexVol Research Team

Quantitative options research

All calculations use live ORATS institutional data — the same source used by professional volatility desks.

Technical reviewer

Ryan Silk, ApexVol Founder

Reviewed for technical accuracy

10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.

This guide is updated as market conditions and ORATS data change. Last revised 2026-05-12. How we research →

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